1845 Garfield StHollywood, FL 33020

Property Details for 1845 Garfield St

Year built

1956

Construction

CONCRETE

Lot size

0.56 AC

Property size (Sq ft)

5,904 SF

Zone code

ND-1

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

51-42-10-06-0170

APU

514210060170

Description

This exceptional investment opportunity presents a rare chance to acquire a thriving 41-bed Assisted Living Facility (ALF) in Hollywood, Florida. Located at 1845 Garfield Street, just off US1, this property boasts a prime location and strong performance. The asking price is $4,900,000, and the sale includes the real estate, the established business, all necessary licenses, and a reliable generator. Built in 1956, the single-building facility currently operates at 80% occupancy, indicating significant potential for increased revenue by filling existing vacancies. The property benefits from a fully staffed and managed operation, ensuring a smooth transition for the new owner. This turnkey operation minimizes the need for immediate staffing or management changes, allowing for a quick return on investment. The high occupancy rate and established reputation within the community contribute to the strong financial outlook. Given the limited availability of comparable Assisted Living Facilities in this desirable location, this represents a truly unique and highly sought-after investment opportunity. Don't miss this chance to acquire a well-established and profitable business in a thriving market. The property is situated in Broward County, Florida, with a zip code of 33020.

• CAP approach

  CAP return

  Valuation

  6%

  $2,064,742

  6.5%

  $1,905,916

  7%

  $1,769,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,911,924

  Geo Method

  $2,911,924

• Alternative Use

  Use

  Valuation

  Residential

  $2,417,735

  Hospitality

  $2,214,632

  Educational

  $1,842,548

  Medical

  $1,905,916

  Retail

  $2,866,186

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0219

Longitude

-80.1449

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].